Trust & Estate Quick Tip #12 – Never Add Your Kids to Your Deeds!

www.estateandprobatelawyer.com / 954-580-3690

Should you add your children to your deeds to avoid probate administration?

No!

Never add your children to your deeds!

This can create many different problems such as losing your homestead real estate tax exemption or step-up in basis upon death.

You will be subjecting your homestead property to all your children’s problems such as if they have to file for bankruptcy, get divorced, passes away, become incapacitated or disabled.

Your children will own the property if they are listed on the title. This will cause problems if there are disagreements.

There are other options to avoid probate administration, so please speak to a probate attorney to find out what the best options are for your situation.

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